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"Management Sciences" – the scientific and practical educational journal, published by the Financial University under the Government of the Russian Federation.

The thematic focus of the magazine - the discussion and publication of research results and best practices on a wide range of topical issues in the field of technical and economic sciences by specialties 2.3.4 “Management in organizational systems”, 5.2.6 “Management”, 5.2.3 “Regional and sectoral economics”, 5.2.4 “Finance”, 5.2.6 “Management” , 5.2.7 “State and municipal management,” including such industries and areas as the theory and practice of management; economy entrepreneurship; innovation management; economics, organization and management of enterprises and industries, etc.

The magazine is focused on coverage of topical issues of global economic and management science and achievements in the field of economic, managerial and business practices, taking into account domestic and foreign experience. In each issue of the magazine published the results of research works carried out by scientists of Russian and foreign universities and research institutions; expert opinions and recommendations of leading scientists and practitioners in the field of economics, management and entrepreneurship; Information about the scientific and practical 
activities; review of monographs, textbooks, scientific manuals on economic and management disciplines, etc.

The journal included in the first category of the List of VAC’s peer-reviewed scientific publications (K1) on specialties:

2.3.4. Management in organizational systems (Technical sciences), 5.2.3. Regional and sectoral economics, 5.2.4 Finance, 5.2.6 Management (Economic sciences).

Indexed in databases: CrossRef, DOAJ, Ebsco, Dimensions, EconLit, EconBiz, RePec, eLibrary.ru, Russian Index of Science Citation (RINTs), CyberLeninka, etc.

Articles published in the journal, originality, reveal actual questions of theory and practice of management; reflect the position of qualified and competent opinion of scientists, experts, practitioners and business leaders; orient readers to the in-depth understanding of the problems that are now widely studied by science and practice of management.

Current issue

Vol 15, No 1 (2025)
View or download the full issue PDF (Russian) | PDF

THEORY AND PRACTICE OF MANAGEMENT

6-19 247
Abstract

The aim of this study was to identify the key focal points in the formation of a new management paradigm amid the exponential growth of digital technologies and the digital economy. The primary objectives included determining the conditions, development directions, levels, and contradictions of the emerging paradigm. This research employed general scientific methods such as analysis, synthesis, and grouping. A review of existing theoretical and practical studies on new management principles and managerial thinking was conducted, using a rhizomatic approach to identify trends and connections, as well as alternative structuring through a development matrix based on various focal points. The study revealed that development trends are multidirectional, societal changes occur asynchronously and in a differentiated manner, and their effects can be both positive and negative. In an era of high turbulence and exponential growth, localized patterns and models emerge instead of universally accepted ones, making flexible management and systems thinkingcrucial. The findings suggest that rather than establishing a rigid management paradigm, decision-makers at all levels should navigate a turbulent environment by employing different focal points. The proposed management development matrix serves as a tool for fostering systemic thinking among leaders, allowing them to consider existing contradictions and prioritize values. The scientific novelty of this study lies in the application of contemporary approaches for systematizing current trends, drawing on post-structuralist philosophy and alternative cognitive tools. These results may be useful for managers at all levels, professionals in corporate development sectors, government administration, and researchers.

20-35 147
Abstract

This study examines the impact of foreign direct investment (FDI), trade, and various macroeconomic factors on GDP growth in China over the period 1982–2022. By Employing the Autoregressive Distributed Lag (ARDL) model, the research investigates the dynamic interplay between GDP growth and fifteen independent variables, including FDI, exports, trade, total debt, and real interest rates. The Augmented Dickey-Fuller (ADF) test confirms the stationarity of the data at first difference. The ARDL model results indicate significant long-term impacts of some variables, particularly the current account balance, exports, and merchandise trade. Short-run dynamics revealed that increased FDI and real interest rates positively affect GDP growth, while increased debt, exports, and final consumption have negative effects. The ARDL bounds test confirms a long-run relationship among the variables. Diagnostic checks show no issues with normality, heteroskedasticity, or serial correlation. This comprehensive analysis provides valuable evidence for policymakers to formulate effective economic policies, promoting sustained growth and stability in China’s rapidly evolving economy.

36-47 121
Abstract

The quantity and quality of resources available to a charitable foundation (CF) are indicators of the range of services it can   provide to beneficiaries within its operational area. Therefore, the potential for stable development of a CF is determined by the adequacy of its resource potential. Investigating and establishing relationships between the elements of the foundation aims to enhance the theoretical framework necessary for analyzing management mechanisms of non-profit organizations, thereby facilitating the achievement of the CF’s statutory goals and its effective development through   resource provision. The purpose of this study is to expand the conceptual framework in the field of charitable activities and to substantiate the impact of resource potential on the effectiveness of foundation management. As a result of the research, the authors define the concepts of “resources” and “resource potential” of a CF; they identify and justify both its composition (i. e., the combination of internal and external resources involved in the production and delivery of charitable services) and its structure, graphically represented as production resources and intangible assets with stable economic ties among themselves and with external environmental elements. The obtained results can be utilized in academic and educational processes and may be of interest to representatives of charitable organizations.

STATE AND MUNICIPAL MANAGEMENT

48-61 165
Abstract

The objective of this study, the results of which are presented in this article, is to analyze the fundamental principles and mechanisms of program-targeted management (PTM) that shape modern public administration practices in the Russian Federation. The author highlights that a key advantage of the program-targeted approach is the close alignment of planned activities with financial resources, ensuring targeted, prioritized, and efficient expenditures at every stage. The study examines the key features of PTM implementation, ranging from regulatory and legal frameworks and budget coordination to the introduction of a project-based approach and interdepartmental cooperation. The article providesa detailed discussion of common issues, including formalistic planning, insufficient coordination between levels of government, and challenges in monitoring results. The author concludes that the combination of PTM principles ensures its coherence, transparency, and effectiveness, enabling public authorities to achieve their socio-economic objectives and respond promptly to emerging challenges. A significant part of the research focuses on prospects for improvement, which include enhancing digitalization, transparency, and accountability for achieved outcomes. As a result of the study, a set of measures is proposed to improve PTM efficiency, including updated planning standards, the development of a unified digital platform, and greater involvement of expert communities. These measures can serve as a guideline for modernizing state programs and successfully implementing long-term national priorities.

MATHEMATICAL METHODS AND MODELS IN MANAGEMENT

62-77 102
Abstract

The article addresses the structure of the socio-economic system of the housing and construction complex (HCC), focusing on the organizational and economic interaction of its participants against the backdrop of entropy-driven macroeconomic influences. The study aims to identify management methods, from a system-information approach, that allow the system to reach a new level of sustainable disequilibrium with the environment while maintaining homeostasis. Since the primary factor in the housing construction sector is the availability of built housing, the first research task was a detailed examination of household housing provision in Russia as a whole and in the Irkutsk region, based on census data from 2002, 2010, and 2020. As a result, the idea of the “best” structure of the housing stock in terms of the number of rooms corresponding to the composition of households was proposed. Achieving the “optimal” housing provision for the population requires timely organizational and economic changes, one of which is the introduction of project financing. To reach a new level of sustainable equilibrium in the HCC system, coordinated actions among all stakeholders are necessary to minimize the gap between the actual and the “optimal” housing stock structure. The second research objective was to find a solution to the multi-criteria problem of aligning the interests of economic entities in housing construction. A genetic algorithm in MATLAB was used for this purpose. Acceptable options for all participants were selected from a set of Pareto-optimal alternatives based on the preferences of the decision-maker. The state was imperatively assigned this role, with the optimization criterion being the minimization of the gap between the “optimal” and actual housing provision for households of various sizes. The modeling results indicated that effective collaboration towards a common goal is possible; however, the cost factor is inevitably passed on to consumers. The study’s findings will be of interest to students and graduate students studying construction economics, as well as to banking professionals, regional authorities, and specialists in the field of housing construction.

ORGANIZATION MANAGEMENT

78-87 228
Abstract

This paper aims to examine the styles of leadership as practiced and desired by the management personnel within publicly owned industrial organisations in the developing country of Bangladesh. Sixty management personnel were systematically selected from three distinct manufacturing organisations for the study. Following a review of pertinent literature, a behavioural scientist assisted in the development of a questionnaire that included twenty forced-choice items. Analysis of the data was conducted using SPSS software. The findings show that perceived control in decision-making by the management personnel was much far from ideal. In the decision-making areas, such as, departmental policy making in connection with subordinates’ work, determination of the techniques and methods of the department, job assignment to subordinates, participation in subordinates’ activity, and maintenance of discipline, they had virtually little influence. They had to act in accordance with the systems and procedures laid down by the company. They, of course, desired much influence in decision-making in all the areas.

OPERATIONS MANAGEMENT

88-104 108
Abstract

The article examines the challenges and tasks related to integrating sustainable development principles into production and technological, engineering and technical, as well as managerial and economic processes. The author analyses the impact of these principles on the implementation of engineering management (particularly paing attention to its role on sustainable development strategies) and on the efficiency and competitiveness of enterprises, production systems, as well as on the image and reputation of companies. The need of integrating sustainable development principles into business processes is justified by means of analysis of experience employed by companies to improve operational efficiency. The study also applies universal scientific research methods, such as systematic approach, analysis, synthesis, comparison and generalization. As a result, the findings of the study draws up conclusions about the necessity to differentiate the impact on efficiency from the impact on competitiveness: the achievement of competitiveness is associated with competitive advantages, meanwhile the impact on efficiency leads to the growth of competitiveness of the company by proxy. The findings of the study are valuable for enterprises involved in elaboration of a sustainable development strategy.

INNOVATION MANAGEMENT

105-121 105
Abstract

In the current economic environment, the effective operation of higher education institutions is difficult to imagine without collaboration with organizations from the real sector of the economy, particularly in the context of innovation generation. Decision-makers responsible for the development of academic-industrial partnerships require modern methods to assess the potential effectiveness of such interactions. This study aims to develop a fuzzy-set-based integral aggregation model for evaluating the effectiveness of interorganizational innovations. The research contributes to scientific novelty through the following key solutions: the development of a hierarchical structure of integral indicators for assessing interorganizational innovation effectiveness; the selection of components and the evaluation of their significance using Fishburne’s weighting method; the creation of a fuzzification database to transform precise numerical values into fuzzy sets; the construction of an equation system to quantify non standardized components values to term sets membership degree and the formulation of a calculation method for intersection points of non-inversive indicators. The results of the conducted research has practical value and are possible to be used by both academic institutions and organizations in the real sector of economy for a preliminary assessment of interorganizational collaboration effectiveness in innovation generation. Future research by the author in this field will be aimed at testing the developed model refining it, and further systematizing and algorithmizing the results for efficient use in interorganizational innovation management.

MARKETING MANAGEMENT

122-137 134
Abstract

In pricing management the dominating approach is applied on the basis of the classical paradigm of negative correlation between demand and price, which leads to overenthusiastic preference of price sales incentives and discount-bonus programs. However, the actual results of retailing raise doubts about unwavering fairness of this rule and unconditional effectiveness of the corresponding activities. The reason for this presumably lies in irrational perception of prices bycustomers, which probably needs to use heuristic adjustments in price management to increase retail profits. the objectives of the study is to justify the need of combining two methodological approaches for Russian retailing system when managing pricing — formalized and heuristic — by means of modeling situations of consumer choice of retail purchase and analysis of its determinants. The methodological basis combines the conceptual provisions of economic theory, as well as the theory of consumer’s behavioral analysis. Research methods: in-depth interviews with management specialists and experts, who assessed scenario cases, as well as by means of contextual and narrative analyses. Information base of the study consists of modern scientific publications and practical analysis data obtained by means of 110 in-depth interviews conducted in the second half of 2023 and the first quarter of 2024. The research findings show that price management in retailing should take into account the impact of pluralistic nature of irrational price perception and spontaneous customer reactions to prices. Practical significance: this study may facilitate Russian retailers to forecast price reactions of customers and find effective prices; it will be helpful for teaching management disciplines, and may also be in demand in the process of integration of neoclassical and behavioral models in the context of retail pricing management.

THE HISTORY Of MANAGEMENT THOUGHT

138-148 117
Abstract

Territorial self-government represents a historical stage in the development of human civilization, emerging as a tool for regulating social relations at the sub-state level within the boundaries of local communities. It operates in the interests of these communities and with their direct participation. This form of governance originated during the intensification of class struggles between feudal lords and the citizens of free cities, ultimately granting the latter special rights as municipal corporations. However, the concept of “territorial self-government” is not identical to “local self-government,” as it is not confined to city boundaries but serves as a mechanism for territorial distinction at various levels. The functional diversity of territorial self-government is explained by historical, economic, and political factors that shaped the administrative territorial systems of modern states. Today, it acts as a means of distributing powers between different levels of public authority in addressing pressing social issues. The study aims to identify the characteristics and criteria of self-governance in territories and their role in enabling local communities to attain the status of self-governing entities. Recognizing these characteristics will help establish stable boundaries for the activities of self-governing communities using the so-called Functional Self-Governance Limit (FSG). This concept is necessary for evaluating (within socially accepted and rational limits) the costs of using a centralized governance model versus resolving community issues primarily through internal resources. Using the method of typological groupings, the study classifies different types of local communities in Russia based on selected criteria. The article also presents key indicators for assessing the FSG of municipal formations and examines conditions that facilitate both the transformation of individual civic attitudes into collective interests and the acquisition of self-governing status by local communities. The findings contribute to the development of a modern concept of local self-government in Russia and inform adjustments to ongoing municipal reforms.



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